Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

PLEASE HELP WILL GIVE BRAINLIEST AND 30 POINTS!!!!!

This is an assignment in Algebra 1 discussing growth and decay. Specifically car depreciation. Over the years car's prices go down. I basically had to calculate the percentage of how much this car's price dropped. So I calculated what it dropped every year now I need to do every month but I'm not sure how to do that.

First pic: the annual rate
Second pic: my annual rate calculations/percentages
Third pic: what I have so far for the monthly rate but its all wrong because my calculations don't match up but I think it's close

PLEASE HELP WILL GIVE BRAINLIEST AND 30 POINTS This Is An Assignment In Algebra 1 Discussing Growth And Decay Specifically Car Depreciation Over The Years Cars class=
PLEASE HELP WILL GIVE BRAINLIEST AND 30 POINTS This Is An Assignment In Algebra 1 Discussing Growth And Decay Specifically Car Depreciation Over The Years Cars class=
PLEASE HELP WILL GIVE BRAINLIEST AND 30 POINTS This Is An Assignment In Algebra 1 Discussing Growth And Decay Specifically Car Depreciation Over The Years Cars class=

Sagot :

Answer:

Step-by-step explanation:

If the price is supposed to be dropping with each year, maybe your year/price chart would reflect that. Seems to me that the price rose between 2015 and 2016 and even by 2017 the value was still higher than it was in 2015.

I have no way of knowing how to fix this.

Let's ASSUME that the 2015 price was $71,445 and that the 2016 and 2017 prices are valid.

the decrease between 2015 and 2016 is (71445 - 68640) / 71445 = 0.03926

or 3.926%

the decrease between 2016 and 2017 is (68640 - 65945)/68640 = 0.03926

or 3.926%

so the price each year after new is

p = 71445(1 - 0.03926)ⁿ

or

71445(0.96074)ⁿ

where n is the number of years.

To get the monthly version, we divide the decrease by 12

p = 71445(1 - 0.03926/12)ˣ

or

p = 71445(1 - 0.00327)ˣ

or

p = 71445(0.99673)ˣ

where x is the number of months since new.

This may not be your exact answer, but the same method can be used if you get real numbers.

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.